Furnished Finder featured in article, “Growth in Healthcare is good for the Traveling Nurse



Why Travel Nursing Will See Tremendous Growth in the Next 10 Years


Nursing, along with the healthcare industry in general, is facing an unprecedented period of growth. Healthcare jobs are expected to amount to a whopping 25% of all new jobs in the coming decade, with over 700,000 new positions for registered nurses opening from 2010-2020 alone. (Source: The US Department Of Labor)


As the demand for jobs continues to rise, hospitals are choosing travel nursing with increasing frequency. Nurses in this field are willing to travel from their location, moving to where the demand for nurses is greatest. They generally work for 13 weeks at the new location and then transfer to a new facility. With this steadily increasing need for traveling healthcare professionals (doctors, nurses, and occupational therapist) comes the same demand for furnished short-term housing. 


Housing for traveling nurses.

Corporate housing, and all of the headaches that come with finding short-term furnished apartments, are traditionally the hardest part once the traveling nurse accepts the job.  The healthcare staffing agencies typically offer to take care of the housing for them, but the trend now is for travelers to take the weekly stipend over pre-arranged housing. This gives the traveler more control over the quality of housing they receive, while allowing them to keep as much of the tax free stipend as possible.  Companies like Furnished Finder (www.furnishedfinder.com) are invaluable to these well-paid healthcare travelers who assist them in locating furnished rentals, while also managing the utilities, leases, & deposits. 


Traveling nurses get assigned a Furnished Finder client rep who provides properties to choose from, and then arranges the utilities, furniture, and even pays the deposit for them.  Traveling nurses typically enjoy this service because it gives them better control over their cash flow, while eliminating the need to chase the deposit down every 13 weeks.   Furnished Finder also boasts a new program that continues to help the traveler’s pocketbook called Deferment Plus.  This program allows traveling nurses to postpone rent payment a week or two until they start getting paychecks-as their payment cycle is usually 2 weeks behind.


Current and future traveling nurses are perfectly positioned to capitalize on the explosive growth in healthcare, and companies like Furnished Finder are a significant resource for the traveling healthcare community. 


Nurses Increasing in Demand as Population Ages

As advancements in modern medicine continue to lead to improvements in life expectancy, and the Baby Boomer generation begins to age, the need for a more expansive healthcare “net” becomes increasingly apparent.


Consider this:

  • There are 76 million Baby Boomers in the USA.
  • Baby Boomers comprise 25% of the nation's workforce.
  • By 2020, this generation will be between the ages of 56 and 74. By 2030, one in every five Americans will be over the age of 65.

As they continue to age, their risk of chronic disease will increase too and so will their need for healthcare services. Consider this: 77% of women who are diagnosed with breast cancer are over the age of 50, and approximately half of all women diagnosed with breast cancer are older than 65.


Similarly, aging also increases the risk of diabetes, stroke, Alzheimer's, and most other ailments. This rise of an at-risk population will come at the precise time when perhaps 25% of America's healthcare workforce has reached retirement age.


Properly staffing a hospital with qualified, well-educated nurses reduces burnout, increases job satisfaction, and most importantly, saves lives. Studies conducted by the University of Pennsylvania have shown that hospitals with the worst nurse staffing levels have up to a 31% greater chance of patient death during common surgeries. The study also found that every patient added to a hospital nurse's workload increases the risk of death in surgical patients by 7%. If the nurses are not available, hospitals and healthcare facilities will be increasingly challenged to maintain their current standards of successful patient care.


An Improved Economy Means Challenging Times for Nursing

For the healthcare community, the poor economy means a partial respite from the lion's share of the nursing shortage crisis. Specifically, many nurses of the Baby Boomer generation are choosing to work beyond the standard retirement age of 65, with many planning to continue working up to age 70.  Currently, the median age of an RN is 46 years old.


The weaker economy has also made healthcare cost-restrictive and/or impossible to afford for many individuals. This has caused Americans to put off healthcare whenever possible – and to avoid hospital visits unless absolutely necessary.


However, these solutions are short-term, inadequate ones that can't gloss over the nursing shortage for long. As Baby Boomers retire, the economy improves, and the looming healthcare reform is enacted, the shortage of nurses and physicians is going to become an accelerated problem.


College Nursing Programs Fall Short

Colleges have become inundated with strong applicants who are interested in beginning a career in nursing. However, the numbers of nurses with their PhD who are qualified to teach within these colleges are too few to staff a large-scale expansion of the programs.


Even in cases where the colleges have tripled their enrollment in recent years, the pool of applicants seems bottomless. As a result, tens of thousands of potential nursing students are turned away each year – including more than 75,500 in 2011 alone.


Despite the nursing shortage, graduates of nursing schools are still finding it difficult to secure employment, as hospitals are often holding out for experienced, “seasoned” nurses that can join their team seamlessly with minimal guidance, apprenticeship, and on-the-job training.


Additionally, the minimal requirements for a nurse to become qualified (screening, testing, etc) have become increasingly rigorous and competitive. While the increased standards have improved the quality of healthcare workers, it does diminish the quantity available in an area of need.


What this Means for Travel Nursing & Others in Travel Healthcare

Travel nurses as well as those in advanced practice working as locum tenens physicians represent a stable base of highly qualified and experienced professionals. They have a minimum of a year's worth of experience, and are known for their adaptability and ability to learn quickly.


Additionally, many travel nurses are able to introduce best practices and innovations that are working for other hospitals, which open the door for a lasting improvement within the facility. They're also able to fill in for traditional staffing when they need to take a temporary absence (maternity, sabbatical, etc.), or in the interim while a hospital is seeking to fill a nursing vacancy.


Also, more travelers are taking the stipend and using companies like Furnished Finder to assist them with furnished rentals…and since they do all the legwork where the staffing company used to, now the traveler can take the stipend, and keep a higher percentage of that tax free money.


As the need for qualified healthcare professionals continues to increase at a rapid pace in the near future, job options in travel nursing will continue to improve for many years to come.  This is an exciting time for the profession as a whole and a period of great opportunity!


Reposted by: www.furnishedfinder.com